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Al Jazeera
Al Jazeera
Business
Marco Jakubec

Hong Kong unveils $22bn budget as ‘zero COVID’ hammers businesses

Hong Kong has unveiled a $21.79bn budget to help boost its pandemic restrictions-battered economy [File: Peter Park/AFP]

Hong Kong, China – Hong Kong announced a HK$170 billion ($21.79bn) budget to boost its flailing economy on Wednesday, as the territory battles a fifth wave of coronavirus infections with its harshest pandemic restrictions yet.

The budget is aimed at offsetting the shock of Hong Kong’s continuing strict pandemic restrictions on households and businesses, and mitigating long-term damage to the economy.

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